Grapevine: Zypp Electric, Nuvama Wealth, Allcargo Logistics in news
Electric vehicle fleet management firm Zypp Electric is in talks to raise fresh funding while Allcargo Logistics Ltd is planning to sell a stake in one of its subsidiaries, media reports said Thursday. Zypp Electric Zypp Electric is in advanced talks to raise $25-30 million in a new funding round, to be ......
Space industry funding in India falls 55% in 2024, may pick up this year
Funding in India’s space sector, a key part of the country’s ambitions to become a global superpower, plummeted by 55% in 2024 to $59.1 million from $130.2 million the previous year, according to data from market intelligence platform Tracxn. The drop, which came amid a global 20% decline in space sector investment, ......
Grapevine: BharatPe, Unity Small Finance Bank, and Dunzo CEO in news
BharatPe plans to sell a significant minority stake in Unity Small Finance Bank to private equity firms and family offices, and Reliance Retail-backed Dunzo’s CEO Kabeer Biswas is in talks about exiting the company, according to various media reports. Unity Small Finance Bank BharatPe plans to sell a 10-25% stake in Unity ......
Rupee falls for seventh year in a row, ends 2024 at record closing low
The Indian rupee fell for a seventh straight year in 2024, largely due to headwinds in the last quarter, including Donald Trump's U.S. election victory-spurred surge in the dollar, while locally, slowing growth and a wider trade deficit weighed. The rupee dropped 2.8% in 2024 to end the year at 85.6150 ......
CityMall backer WaterBridge Ventures keen to list two portfolio companies
Homegrown venture capital firm WaterBridge Ventures, which has backed startups such as Unacademy, Bijnis and CityMall, is preparing to list two portfolio companies from its software and services segment over the next two-three years, a person aware of the matter told VCCircle. The New Delhi-based early-stage investor plans to list Gurgaon-based ......
Grapevine: Haier, Weaver Services and Shapoorji Pallonji Group in news
Family offices and private equity firms are vying for a majority stake in Haier Appliances India, while Weaver Services is in advanced talks to raise funds and Shapoorji Pallonji Group is exploring a public listing for its real estate arm, according to various media reports. Haier Appliances India Family offices and private ......
PE inflows into real estate rise in 2024 as warehousing’s share balloons
Private equity capital inflows into India’s real estate sector increased about 10% in 2024, with warehousing and logistics assets taking home the largest share of the pie, a new report shows. The cumulative inflow of PE money into India’s property segment rose to $4.3 billion in the calendar year so far, ......
Rupee ends at fresh record low as free fall continues for sixth straight day
The Indian rupee weakened to its all-time low for the sixth consecutive trading session on Tuesday as a rise in U.S. bond yields boosted the dollar and strong demand for the greenback from importers added to the lingering pressure on the local currency. The rupee declined to 85.2075 against the U.S. ......
All Things Baby, Ikin Global, BitSave, DevX secure early-stage cheques
Mother and baby products platform All Things Baby, IoT smart lock brand Ikin Global, crypto investment platform BitSave and OaaS platform DevX have raised early-stage funding, the companies said Tuesday. All Things Baby All Things Baby (ATB), a platform for mother and baby products, has raised Rs 30 crore ($3.6 million) in a ......
Rupee falls for seventh week in a row, hits record low
The Indian rupee slipped to its all-time low on Friday before turning course to end modestly higher, aided by likely dollar inflows, although its losing steak persisted into a seventh straight week. The rupee closed at 85.0150 against the U.S. dollar, up from its close at 85.07 in the previous session, after ......
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